PricewaterhouseCoopers of New York has acquired a part of the accounting firm of McGladrey & Pullen LLP of Minneapolis in a deal announced last week.

The company bought McGladrey & Pullen's Investment Company Services Group, which is based in New York and services about 230 mutual funds with over $100 billion in assets under management. The acquisition was part of a bigger deal, in which H&R Block Inc. of Kansas City, Mo., bought McGladrey & Pullen but agreed to part with the investment management unit over concerns about auditor independence.

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